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529 Plans: Prepaid Tuition Plans

Current as of October 22, 2007

This table provides 529 prepaid tuition plan information. The first section covers state-sponsored plans; the second covers college-sponsored plans.

State-Sponsored Prepaid Tuition Plans
State	Name of plan, manager, contact information	Residency restrictions	Contribution limit	State tax benefits
AL	Prepaid Affordable College Tuition (PACT) Program Alabama State Treasurer treasury.state.al.us (800) 252-7228	Open to all	$23,388 for a four-year contract purchased in lump sum for 9th grader	Qualified withdrawals from Alabama 529 plans (but not other states' 529 plans) are tax free
CO	Prepaid Tuition Fund State Treasurer collegeinvest.org (800) 448-2424 Note: This plan is closed to new enrollments until further notice but will continue to provide benefits to existing participants
FL	Florida Prepaid College Plan Florida Prepaid College Board florida529plans.com (800) 552-4723	Beneficiary or parent/guardian must be a Florida resident for at least 12 months prior to enrollment	$35,740 for a four-year contract purchased in lump sum for 8th grader	Florida has no state income tax
IL	College Illinois! 529 Prepaid Tuition Program Illinois Student Assistance Commission collegeillinois.com (877) 877-3724	Account owner or beneficiary must be an Illinois resident for at least 12 months prior to enrollment	$51,323 for a nine-semester contract purchased in lump sum for 9th grader or older	Qualified withdrawals are tax free, and contributions to in-state plan are deductible, up to a cap
KY	Kentucky's Affordable Prepaid Tuition (KAPT) Kentucky Higher Education Assistance Authority getKAPT.com (888) 919-5278	Beneficiary must be a Kentucky resident or plan to attend a Kentucky college	$83,559 for five-year premium plan purchased in lump sum	Qualified withdrawals are tax free
MD	College Savings Plans of Maryland - Prepaid College Trust College Savings Plans of Maryland collegesavingsmd.org (888) 463-4723	Account owner or beneficiary must be a Maryland or District of Columbia resident	$47,250 for a five-year contract purchased in lump sum for 9th grader	Qualified withdrawals are tax free, and contributions to in-state plan are deductible, up to a cap, with an unlimited carryover of excess contributions
MA	U.Plan Massachusetts Educational Financing Authority mefa.org (800) 449-6332 Note: This plan does not meet the requirements of Section 529 of the Internal Revenue Code	Open to all	Cost of tuition and fees for four years at the highest-cost participating institution	Qualified withdrawals are tax free
MI	Michigan Education Trust MET Board of Directors and Treasury Department met4kid.com (800) 638-4543	Beneficiary must be a Michigan resident	$45,832 for a four-year contract purchased in lump sum for a 12th grader	Qualified withdrawals are tax free, and all contributions to in-state plan are deductible
MS	Mississippi Prepaid Affordable College Tuition (MPACT) Program Mississippi Treasury Department treasury.state.ms.us (800) 987-4450	Account owner or beneficiary must be a Mississippi resident	$23,300 for a five-year contract purchased in lump sum for 12th grader	Qualified withdrawals are tax free, and all contributions to in-state plan are deductible
NV	Nevada Prepaid Tuition Program State Treasurer nevadatreasurer.gov/college (888) 477-2667	Account owner or beneficiary must be a Nevada resident or account owner must be an alumnus of a Nevada college	$17,000 for a four-year contract purchased in lump sum for 9th grader	Nevada has no state income tax
OH	Ohio CollegeAdvantage-Guaranteed Savings Fund Ohio Tuition Trust Authority collegeadvantage.com (800) 233-6734 Note: This plan is closed to new enrollments until further notice but will continue to profide benefits to existing participants
PA	Pennsylvania 529 Guaranteed Savings Plan State Treasury nowu529.com (800) 440-4000	Account owner or beneficiary must be a Pennsylvania resident	$368,600	Qualified withdrawals are tax free, and contributions to any state's 529 plan are deductible, up to a cap
SC	South Carolina Tuition Prepayment Program State Treasurer scgrad.org (888) 772-4723	Beneficiary must be a South Carolina resident for at least 12 months prior to enrollment	$17,088 for a two-year contract purchased in lump sum for 10th grader	Qualified withdrawals are tax free, and all contributions to in-state plan are deductible
TN	Tennessee's BEST Prepaid College Tuition Plan State Treasurer treasury.state.tn.us/best (888) 486-2378	Account owner or beneficiary must be a Tennessee resident	$235,000	Tennessee has no state income tax
TX	Texas Guaranteed Tuition Plan Texas Prepaid Higher Education Tuition Board texastomorrowfunds.org (800) 445-4723 Note: This plan is closed to new enrollments until further notice but will continue to provide benefits to existing participants
VA	Virginia Prepaid Education Program (VPEP) Virginia College Savings Plan virginia529.com (888) 567-0540	Account owner, beneficiary, or parent of a nonresident beneficiary must be a Virginia resident	$48,225 for a five-year contract purchased in lump sum for a newborn	Qualified withdrawals are tax free, and contributions to in-state plan are deductible, up to a cap, with an unlimited carryover of excess contributions
WA	Guaranteed Education Tuition (GET) Washington State Higher Education Coordinating Board get.wa.gov (800) 955-2318	Account owner or beneficiary must be a Washington resident	$37,000 for 500 units	Washington has no state income tax
WV	SMART529 Prepaid Tuition Plan State Treasurer smart529.com (866) 574-3542 Note: This plan is closed to new enrollments until further notice but will continue to provide benefits to existing participants
College-Sponsored Prepaid Tuition Plans
	Independent 529 Plan Tuition Plan Consortium, LLC independent529plan.org (888) 718-7878	Open to all	Cost of five years full-time undergraduate tuition and mandatory fees at the highest-cost participating institution	Varies from state to state; contact a tax professional

GE 38155 (03/07)

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